Rahul Yadav: I stopped sharing data and Info Edge sent me a notice. You call it financial fraud?
Synopsis
Rahul Yadav, CEO of 4B Networks, blames majority investor Info Edge’s slow approval process for the dire straits the company is in. It was a wrong marriage of a guy with electric speed, and a firm with high compliance levels, he says.
A USD36 million investment from Info Edge into Rahul Yadav’s 4B Network evoked a certain degree of surprise and curiosity in the startup community. For Yadav, who was fired from his first startup Housing.com for brash behaviour, it was a golden chance to redeem himself. In the heydays of Housing.com, Yadav, an IIT Bombay dropout, was seen as a maverick founder with a spark of brilliance. Softbank boss Masayoshi Son and his then key lieutenant
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